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Politics : Formerly About Applied Materials

AMAT 235.13

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3:59 PM EST

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To: Gottfried who wrote (54193)	10/16/2001 11:14:44 AM
From: Ian@SI	Read Replies (1) of 70976

Philips posted a worse-than-expected third-quarter loss, but the Dutch electronics giant's shares gained after it gave a modestly optimistic outlook for its key semiconductor division. interactive.wsj.com ... In a telephone conference after the release of the third-quarter results, Philips Chief Financial Officer Jan Hommen said he expects its semiconductor sales to rise slightly in the fourth quarter from the third-quarter level of 898 million euros and that he expects Philips' chip plants to operate at 40% to 45% of capacity in the fourth quarter, up from 36% in the third quarter. Though he termed the expected fourth-quarter improvement "seasonal" and not "structural," Mr. Hommen said that declining inventories of products that use semiconductors, especially mobile-phone inventories, were a positive signal for a recovery in the chip sector around the middle of 2002. ...

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